The NMP Blog

Last week, we received some conflicting numbers in regards to how homes are selling in the market right now. First, the encouraging news is that existing home sales are up significantly for the second consecutive month. In June, sales jumped 3.2 percent over the previous month and—even more amazingly—sales increased 9.6 percent over June 2014. As a key summer month for purchasing homes, this June is certainly a big indicator that the market is well on its way to a full recovery.

On the other hand, we also received the numbers in regards to new home purchases—and this news was less encouraging. Declining 6.8 percent, new home sales hit a seven month low. Although people are purchasing more homes, new homes aren't being built. So, the question is—which number is more important? What should we be paying attention to?

Submitted by on Tue, 2015/07/28 - 12:30pm

One of my favorite topics to discuss in the mortgage industry is innovation. As compliance has become an increasingly more important component of the industry, dozens of amazing companies have risen to the challenge of making it easier for mortgage organizations to adapt. There are many areas of focus with technology and innovation that have improved our industry. But if there is one area in which we are behind other industries and really need to start focusing on, what is that area?

Submitted by on Fri, 2015/07/24 - 11:56am

You may have noticed that News From NAMB is not just links to other media stories but also goes to primary sources. News From NAMB is different because we find important information that may not be reported elsewhere and we comment on why it is relevant to you, often in a fun way. Best of all, it is free to NAMB members. News From NAMB is sponsored exclusively by United Wholesale Mortgage

Submitted by on Thu, 2015/07/23 - 2:51pm
If there is one issue that weighs most heavily on the minds of mortgage professionals, it is most certainly compliance

If there is one issue that weighs most heavily on the minds of mortgage professionals, it is most certainly compliance. In the past few years, we've talked endlessly about the latest regulations and how to prepare for them. It's a subject that most of us dread, but all of us know we need to understand.

And then there's another issue that often gets discussed—and, unlike compliance, it's something we typically get excited about. If there's one subject that we love, one that really lights a fire within us, it's innovation. We like hearing about new ways we can improve and new technologies we can use to thrive in our industry.

Submitted by on Wed, 2015/07/22 - 4:40pm

Mortgage professionals need to have a good network of realtors to get new clients. Realtors provide opportunities for loans to be made, and mortgage professionals allow customers to buy the house the realtor is selling. Its a win-win relationship.

Recently, I have been surprised to see the amount of mortgage professionals giving away free advertising to realtors in exchange for their loyalty down the road in the buyers journey. What sort of free advertising do realtors prefer? Every door direct mail. 

Why Every Door Direct Mail (EDDM)? Because it is cost effective for the mortgage professional, and designed to be most effect for Realtors.

In this post I am going to talk about the specifics of the Every Door Direct Mail program, and show you how to effectively get the ball rolling on a new campaign. 

Submitted by on Mon, 2015/07/20 - 5:00pm

On the Lykken on Lending online radio show, a single topic has been dominating the conversations for a long time now when it comes to global economic news. The financial situation with Greece and how it might influence global interest rates has been covered almost non-stop for the past few months. It's amazing how the economic challenges of a country halfway around the world can so heavily influence a single industry here in the United States. But, it does—and we do need to pay attention to what's happening.

Submitted by on Fri, 2015/07/17 - 6:01pm

You may have noticed that News From NAMB is not just links to other media stories but also goes to primary sources. News From NAMB is different because we find important information that may not be reported elsewhere and we comment on why it is relevant to you, often in a fun way. Best of all, it is free to NAMB members. News From NAMB is sponsored exclusively by United Wholesale Mortgage

Submitted by on Thu, 2015/07/16 - 4:07pm
In a recent interview, the new CEO of Walmart was asked about how he plans to deal with the competition from Amazon.com in the retail space

In a recent interview, the new CEO of Walmart was asked about how he plans to deal with the competition from Amazon.com in the retail space. Walmart has long been the chief of brick-and-mortar retail, but it is far behind when it comes to e-commerce. What has the new executive done to make his team more competitive? Well, one of the first things he did was have his entire executive team read a biography on Jeff Bezos, CEO of Amazon.com. Walmart's new CEO started his strategy for becoming more competitive by learning from the competition.

Submitted by on Wed, 2015/07/15 - 12:37pm

You may have noticed that News From NAMB is not just links to other media stories but also goes to primary sources. News From NAMB is different because we find important information that may not be reported elsewhere and we comment on why it is relevant to you, often in a fun way. Best of all, it is free to NAMB members. News From NAMB is sponsored exclusively by United Wholesale Mortgage

Submitted by on Thu, 2015/07/09 - 5:28pm
In our hyper, always-on culture, moving with speed always seems to get the spotlight when it comes to attributes people look for in leaders

In our hyper, always-on culture, moving with speed always seems to get the spotlight when it comes to attributes people look for in leaders. We want someone who is quick and nimble, someone who can get things done quickly and get them done right. To stay ahead of the competition, our leaders have to be fast. Our leaders must always be in motion. Otherwise, our organizations are likely to get left behind.

But there's a flip-side to this attribute. While enthusiasm and being "fast-moving" can be a strength, it can also be a weakness. Acting rashly can help you to beat the competition, but it can also cause you to make mistakes or miss opportunities because you don't take the time to reflect. Speed is, without a doubt, an important thing for leaders to focus on; but, we would be gravely mistaken if we believed it was the only thing.

Submitted by on Wed, 2015/07/08 - 4:26pm

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